Harim Industrial Co., Ltd. agreed to acquire Harim Food Co., Ltd. from NS Shopping Co., Ltd (KOSE:A138250) on October 24, 2019. Harim Industrial Co., Ltd. will acquire 6.703 million shares of Harim Food Co., Ltd. at an exchange ratio of 1 Harim Industrial Co., Ltd. share for 1 Harim Food Co., Ltd. share. Post completion of the transaction, Harim Food Co., Ltd. will be merged into Harim Industrial Co., Ltd. For the fiscal year ended December 31, 2018, Harim Food Co., Ltd. reported total assets of KRW 79 billion, total debt of KRW 25.8 billion, net loss of KRW 2.8 billion, total capital of KRW 53.2 billion and total debt of KRW 25.7 billion. The transaction is expected to be completed on December 1, 2019. Harim Industrial Co., Ltd. completed the acquisition of Harim Food Co., Ltd. from NS Shopping Co., Ltd (KOSE:A138250) in December 2019.